uk threatens to block new eu treaty if demands not met
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

UK threatens to block new EU treaty if demands not met

Arab Today, arab today

Arab Today, arab today UK threatens to block new EU treaty if demands not met

London - AFP

British Prime Minister David Cameron threatened to block a new European Union treaty designed to save the euro from the debt crisis if London\'s demands are not met. Cameron said Britain\'s huge financial sector and the single market would have to be protected if he were to sign up to a new EU-wide treaty aimed at resolving the crisis in the euro, which Britain does not use. His threat increases the likelihood that France and Germany, who proposed rewriting the treaty Monday, will end up pushing for an agreement between just the 17 nations who use the euro and not all 27 EU states. For the EU treaty to be reformed to allow greater eurozone integration, all members of the bloc must agree. Cameron\'s remarks are likely to anger under-fire eurozone leaders as they scramble to come up with a convincing rescue plan after the Franco-German proposal was overshadowed by Standard & Poor\'s threat of a debt downgrade. He said his main aim at a crunch summit of European leaders in Brussels this week was \"to defend and promote British interests\", although he recognised it was in London\'s interests for eurozone leaders to quickly resolve the crisis. \"If they choose to use the European treaty to do that, then obviously there will be British safeguards and British interests that I will want to insist on,\" he said. \"I won\'t sign a treaty that doesn\'t have those safeguards in it, around things like, of course, the importance of the single market and financial services.\" In an article for Wednesday\'s The Times newspaper, Cameron explained his demands would be \"practical and focused\" but warned EU leaders that this should not be interpreted as a \"lack of steel\". The British leader has come under pressure from the eurosceptic wing of his Conservative party to use the reopening of EU treaties to claw back powers from Brussels. Central to British concerns is protecting the City of London, one of the world\'s biggest financial hubs. Britain has previously voiced opposition to a Franco-German plan for an EU-wide financial transaction tax, insisting any such measure must be applied worldwide to be effective. Cameron added that if eurozone countries \"choose to go ahead with a separate treaty, then clearly that is not a treaty that Britain would be signing or would be amending.\" The Tory chief also called on eurozone members to address \"a problem of competitiveness\" caused by the trade imbalances within the bloc. After a cabinet colleague called at the weekend for a referendum on a new treaty, Cameron was forced to insist Monday that a public vote was unnecessary as significant powers would not be passing from London to Brussels. Under legislation passed last year, Britain must hold a referendum if such a transfer of power takes place. The issue also threatens to cause tensions with the junior partner in Cameron\'s coalition government, the pro-European Liberal Democrats. The issue of Europe has long been divisive for the Conservatives. In October, Cameron suffered the largest rebellion of his premiership when 79 Tory lawmakers voted in favour of a referendum on Britain\'s relationship with Europe. The government won the vote by 483 votes to 111 due to support from the Liberal Democrats and the main opposition Labour party. Pro-European Justice Secretary Kenneth Clarke on Wednesday urged his party to forget about the political wrangling and focus instead on \"how to maintain the financial stability of the western world\". \"We\'re not going to renegotiate any transfers of powers, in my opinion,\" he told Monday\'s Financial Times.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uk threatens to block new eu treaty if demands not met uk threatens to block new eu treaty if demands not met

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uk threatens to block new eu treaty if demands not met uk threatens to block new eu treaty if demands not met

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday